PART XVIIFRAUDULENT TRADING BY A COMPANY
Punishment for fraudulent trading451. F1
If any business of a company is carried on with intent to defraud creditors of the company or creditors of any other person, or for any fraudulent purpose, every person who was knowingly a party to the carrying on of the business in that manner is liable to imprisonment or a fine, or both.
This applies whether or not the company has been, or is in the course of being wound up.